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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Inspections. Home inspections are the best way for a buyer to prevent getting a “lemon” house. Basic home inspections don’t cover everything , though. In a fast-paced seller’s market, sometimes buyers will forgo an inspection contingency in order to make their offer more attractive to the seller. Home warranties.

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. Closings costs for buyers often clock in between 2% and 5% of the purchase price, and expenses beyond your down payment may include some (or all) of the following: Property inspections.

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Incite a Bidding War: How to Get Multiple Offers on Your Home in 2021

Redfin

While you can’t control whether your region is in a seller’s or buyer’s market, do your due diligence by speaking with an experienced real estate agent to better understand the current market. Schedule a pre-listing inspection.